Saturday 11 June 2011
Strike to undermine GDP forecast - economist
Mmegi Online "'The intended fiscal adjustment, aimed at bringing the budget into balance by fiscal year 2012/2013, is facing its most severe test yet,' Khan says in the report. 'An outright quarter-on-quarter contraction in non-mining GDP now looks plausible in the second quarter of this year, putting at risk our full year GDP growth forecast of 4.9 percent, despite an overall increase in government spending and a healthy rebound in diamond sales.'"
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